LGC Capital Ltd. (TSXV: LG) (OTCQB: LGGCF) ("
LGC"
or the “
Corporation”) comments on yesterday’s
opinion from the Supreme Court of Cassation in Italy with regard to
cannabis light:
There have been some confusing media reports
from Italy regarding the opinion of the Supreme Court of Cassation
on the sale of cannabis light and we urge caution in the
interpretation of this ruling. It is important that any
interpretation is made with the full facts and this is only
possible once the full opinion is published. We have been
closely monitoring progress with this case and despite reports to
the contrary it seems clear that the Court sees products having no
psychoactive effect as excluded from prohibition. This is the
area where EasyJoint operates, this is the assumption upon which it
has always operated, and we are confident that it will continue to
do so.
About LGC Capital Ltd (www.lgc-capital.com)
LGC Capital is a leading cannabis investment
firm with a focus on the legal global cannabis market. Through its
growing portfolio of investment companies, LGC is building a
transversal integrated organization of interconnected legal
cannabis companies with cultivation, processing and distribution in
Australia, Jamaica, Switzerland, Italy, and Canada serving domestic
and export markets. LGC Capital Ltd. is a Canadian incorporated
public company listed on the TSX Venture Exchange (TSXV: LG) and
the US OTC-QB exchange (OTCQB: LGGCF).
Through its partners and assuming pending
transactions under review by the TSXV are approved, LGC presently
will have interests in Jamaica, Switzerland, Italy, Canada and
Australia.
LGC partners currently sell cannabis products in
over 1,000 points of sale across Switzerland and Italy under the
ONE Premium Cannabis and EasyJoint brands as well as medical
cannabis oils in Australia under the Little Green Pharma brand.
LGC’s partners’ branded products are available in a variety of
formats including medicines, Cosmetics, dry cannabis flower,
tinctures, oils and seeds.
For further information please contact:
For further information, please contact: John McMullen, President
Tel: (514) 788-1499 john@lgc-capital.com
Renmark Financial Communications Inc. Melanie Barbeau:
mbarbeau@renmarkfinancial.com Media – Kellie Coppin:
kcoppin@renmarkfinancial.com Tel: (416) 644-2020 or (514) 939-3989
www.renmarkfinancial.com
Caution Regarding Press Releases
Neither the TSX Venture Exchange nor its
Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Notice Regarding Forward Looking Statements
This press release may contain forward-looking
statements with respect to LGC and their respective operations,
strategy, investments, financial performance and condition. These
statements can generally be identified by use of forward-looking
words such as “may”, “will”, “expect”, “estimate”, “anticipate”,
“intends”, “believe” or “continue” or the negative thereof or
similar variations. The actual results and performance of LGC and
EasyJoint It. and could differ materially from those expressed or
implied by such statements. Such statements are qualified in their
entirety by the inherent risks and uncertainties surrounding future
expectations. Some important factors that could cause actual
results to differ materially from expectations include, among other
things, general economic and market factors, competition,
government regulation and the factors described under “Risk Factors
and Risk Management” in LGC’s Management’s Discussion and Analysis
for the three months ended December 31, 2018, as filed on SEDAR
(www.sedar.com). The cautionary statements qualify all
forward-looking statements attributable to LGC and persons acting
on its behalf. Unless otherwise stated, all forward-looking
statements speak only as of the date of this press release and
neither LGC nor Freia has any obligation to update such statements,
except to the extent required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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